KPMG UK asking Staff to cut time to beat recession and avoid layoffs
Global accountancy firm KPMG has asked its 11,000 British staff if they would switch to a four-day week or take a long break to help avoid redundancies in the recession, a spokesman said on Saturday.
The London-based company said it had asked workers on Friday to volunteer for a shorter working week or a sabbatical of between one and three months, on 30 percent pay.
The measures are part of a contingency plan that would help the company cope with the worst economic turmoil for years.
“We have got no plans to immediately implement this,” the spokesman said. “We are creating a pool of people who said they would be willing. If the need arises in the future and the market deteriorates, then we would be in a position to put some of these plans in place to manage costs.”
The company has not said how many staff it would allow to take part in the scheme.
From Reuters
